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A note on melt status and sell status singapore
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Author Topic: A note on melt status and sell status  (Read 527 times)

colin012

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A note on melt status and sell status
« on: June 10, 2014, 11:17:57 pm »

At the moment, I have yet to have a furnace meaning my metal has yet to be melted down and put into bullion form. The asset NXTMetalAl is for aluminum bullion and NXTMetalCu will be for copper bullion once it is released. However, I do have enough weight in aluminum scrap to begin to distribute the asset in small amounts. Given that the weight of the scrap is aluminum that has yet to have impurities burned away or collected from the top of the molten aluminum in the form of slag, I cannot distribute the amount the full weight of scrap as an asset. What I can do, however, is distribute the weight of the scrap minus 10% to be safe and insure I will not be selling more of any metal than I actually have.

To this point, I will soon begin to distribute the NXTMetalAl asset but no more than the weight of the scrap minus 10%. I will accept the asset back for scrap (if you really want it) until I get my melting furnace, at which point will only distribute bullion for the asset.
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